China approves autonomous driving startup Momenta’s US IPO
China’s securities regulator said on Monday it has approved autonomous driving startup Momenta Global Limited’s initial public offering (IPO) in the United States. Momenta plans to issue up to 63,352,856 ordinary shares and list on the Nasdaq Stock Market or the New York Stock Exchange, the regulator said in a statement. China in June granted […]
Fed’s Musalem signals wary approach to cutting rates in debut speech
The U.S. central bank should only start to cut interest rates after “months, and more likely quarters” of falling inflation, moderating demand and expanding supply, St. Louis Federal Reserve President Alberto Musalem said on Tuesday, in his first public comments on monetary policy since becoming head of the regional Fed bank. “I will need to […]